Todays headline has no real connection to the markets – I just spent last night in the Cavern watching a great Echo & the Bunnymen tribute act, which brought back many happy nostalgic memories from the 80’s, and quite frankly that’s as good a reason as any to include them in my Monday Market Update. If you’re not aware of the the bunnies and their songs then do yourself a favour.
(Although in hindsight the line, ‘Conquering myself until I see another hurdle approaching…’ would resonate with most traders on their journey.)
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Hello Traders,
Thanks to those of you who joined us today. I should reiterate that the Monday Market Update is just that. A big picture overview of the markets, with a few ‘charts of interest’ thrown in. There are no trade recommendations, this is not a signal service, nor trade recommendations – just what I am looking at and interested in.
Today we looked at; FX STAM, Tesla Inc ($TSLA), Microsoft Corp ($MSFT), and Delta Air Lines ($DAL).
The Monday Market Update for the 7th July 2025 reviewed the performance of major currencies and commodities. The Swiss franc remained the strongest currency, followed by the Euro, while the U.S. dollar was at the bottom. Sterling’s strength was attributed to dollar weakness rather than UK economic strength. Oil prices hovered around $67, influenced by OPEC production numbers. Tesla’s stock dropped $20 pre-market due to Elon Musk’s political ambitions. Microsoft’s stock continued to rise despite layoffs. Delta Air Lines’ stock pivoted around $50, with potential impacts from tariff decisions. The U.S. dollar index showed signs of strength, potentially due to tariff-related short covering.
We also covered the usual suspects: $DJIA, $NDX, $SPY, $RTY, $DAX, $FTSE, $N225, $WTI, $XAUUSD, $XAGUSD, $BTCUSD, $USD, $DXY, $JPY, $AUD, $CHF, $NZD and $GBP.
Have a great trading week. We’ll see you next Monday at 1230.
Trade well,
Paul
https://linktr.ee/tradingbeliefs
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July 7, 2025
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